U.S. beef packer losses reach record levels

U.S. beef packers are making record losses as the price they pay for cattle is outstripping what they earn on beef, private data showed on Friday. Analysts said the losses were record large and could force leading beef producers such as Tyson Foods Inc and JBS USA, a unit of Brazilian company JBS SA , to reduce cattle slaughter and beef production in a bid to lift beef prices. Read more…

Cow-Calf Corner: Will we run out of corn?

The answer to that question is no …as long as markets are free to adjust prices. One of the most remarkable characteristics of a market economy is how rare it is to run out of most anything. It is easy to take for granted that anyone can walk into most any store, any time and find what they are looking for. It is really quite amazing! The secret is, of course, that market prices adjust to make sure that we don’t run out. Markets will almost never tell you that you can’t have something, but prices may rise so that you will decide you really don’t want it after all. Read more…

USMEF: Beef exports set new annual value records with two months to spare

October was another excellent month for U.S. pork and beef exports, according to statistics released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Beef export value for October was $452 million, pushing the 2011 total to a new annual record of $4.49 billion. This is 37 percent ahead of the then-record pace established in the first 10 months of 2010. Read more…

As population growth increases demand on food supply, $150,000 awarded to 15 young Texas farmers and ranchers

In an effort to sustain Texas’ standing as a powerhouse of agricultural productivity, Agriculture Commissioner Todd Staples announced Monday the Texas Agricultural Finance Authority (TAFA) has awarded $150,000 in the form of matching grants to 15 young farmers. The funds, in the amount of $10,000 each, are awarded through the Young Farmer Grant Program to farmers ages 18-46 who will create or expand agricultural businesses in Texas. Texas farmers fund the program through farm vehicle registration fees. Read more…

TSCRA Event Calendar

Dec. 31:Deadline for TSCRA members to get their application in for Fort Worth Stock Show and Rodeo grounds passes
Jan. 17:Ranching 101-Animal Health and Disease Management, Fort Worth, Texas
March 30-April 1, 2012: TSCRA Convention Weekend, Fort Worth, Texas